Potato, potahto, tomato, tomahto - bank analysts have opposing views on industrial metals. Shortly after BofA analyst Michael Widmer cautioned investors about copper and industrial metals, Morgan Stanley’s Hussein Allidina decided he'd take the other side of the trade and pick a bottom in metals.

"A floor may be in sight" for industrial-exposed metals such as base metals, silver and platinum, Morgan Stanley head of commodities research Hussein Allidina wrote in note. He sees a 3Q bottom following recent price corrections in the space, and the bank has long position in gold, silver, and copper.

"With headwinds to growth persisting, the environment for cyclical assets, including industrial metals remains challenging," Michael Widmer of BofA said in a report today.

Analysts at SocGen last week said "brace for more turbulence" in the metals and mining sector due to a continued slowdown in China in the second half.